Patrick John Jermain Sells 3,361 Shares of Plexus Corp. (NASDAQ:PLXS) Stock

Plexus Corp. (NASDAQ:PLXS) CFO Patrick John Jermain sold 3,361 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $144.57, for a total transaction of $485,899.77. Following the completion of the sale, the chief financial officer now owns 20,745 shares of the company’s stock, valued at approximately $2,999,104.65. The trade was a 13.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Patrick John Jermain also recently made the following trade(s):

• On Wednesday, November 6th, Patrick John Jermain sold 2,643 shares of Plexus stock. The stock was sold at an average price of $166.32, for a total transaction of $439,583.76.

Plexus Price Performance

Shares of PLXS stock opened at $143.42 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.51. The firm has a market cap of $3.89 billion, a P/E ratio of 33.28 and a beta of 0.91. The business’s 50 day moving average price is $161.50 and its 200-day moving average price is $142.70. Plexus Corp. has a fifty-two week low of $90.18 and a fifty-two week high of $172.89.

Plexus (NASDAQ:PLXS) last issued its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.43%. On average, equities research analysts anticipate that Plexus Corp. will post 6.13 earnings per share for the current year.

Institutional Trading of Plexus

Several large investors have recently bought and sold shares of PLXS. Mercer Global Advisors Inc. ADV lifted its stake in shares of Plexus by 6.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,788 shares of the technology company’s stock valued at $288,000 after purchasing an additional 176 shares during the period. Bank of Montreal Can lifted its position in Plexus by 148.7% during the second quarter. Bank of Montreal Can now owns 11,049 shares of the technology company’s stock valued at $1,147,000 after buying an additional 6,606 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Plexus by 2.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,864 shares of the technology company’s stock valued at $1,534,000 after buying an additional 384 shares in the last quarter. Scientech Research LLC purchased a new stake in shares of Plexus in the 2nd quarter worth about $347,000. Finally, Algert Global LLC bought a new position in shares of Plexus in the 2nd quarter worth about $287,000. 94.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com raised Plexus from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Benchmark reiterated a “buy” rating and issued a $165.00 price objective on shares of Plexus in a research report on Wednesday, January 22nd. KeyCorp initiated coverage on shares of Plexus in a report on Tuesday, October 22nd. They issued a “sector weight” rating on the stock. Finally, Stifel Nicolaus upped their price target on shares of Plexus from $136.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.33.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.